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7. Use the information in the provided balance sheet to calculate the debt ratio of Mokoena Trading at 28 January 2022. Mokoena Trading Balance

7. Use the information in the provided balance sheet to calculate the debt ratio of Mokoena Trading at 28 January 2022. Mokoena Trading Balance Sheet (in millions) (3) Jan 31, 2022 Jan 31, 2021 Cash and cash equivalent 4700 4312 Account receivables, net 4433 3650 Inventories 456 327 Total current assets 16587 10900 Total assets 21215 17899 Total current liabilities 14136 10800 Long term debt 505 566 Total liabilities 13730 13444 Common stock 8200 6890 Retained earnings 9120 6122 Total stockholders' equity 5455 5233

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